AVP, Actuary - Group Benefits and Pet

Nationwide Mutual Insurance•Columbus, OH

21d•Onsite

About The Position

Our Nationwide Financial Actuarial team members have opportunities to use state-of-the-art tools, are encouraged to innovate and learn to master actuarial methodologies. As the AVP, you’ll be responsible for the calculation of reserves, DAC/VOBA, and other actuarial values for statutory, GAAP, and tax accounting for Group Benefits products while overseeing the validation of actuarial systems and processes that are used to calculate these values. You’ll monitor emerging regulations and accounting rules from governing bodies, influence their final form through regulators and industry groups, and apply thought leadership on application of new rules as they occur.

Requirements

BS or higher degree in Mathematics, Actuarial Science, or related technical fields.
Extensive experience with actuarial modeling and accounting software such as Polysystems, ALFA, GGY AXIS, or similar is required.
Other criteria, including leadership skills, competencies and experiences may take precedence.

Nice To Haves

FSA and MAAA designations preferred.
10 or more years of actuarial related experience is preferred.

Responsibilities

Validate calculation of actuarial values and their underlying modeling systems and processes for fixed, indexed, variable, registered-indexed, in-plan, and immediate annuities as well as pension risk transfer business.
Work with vendors and consultants as required to ensure systems and accounting methods are properly calculating actuarial values.
Assist in the forecasting of future financial impacts and/or the impact of changes in assumptions and communicate with Finance stakeholders.
Monitor regulatory activities pertaining to valuation through participation in industry work groups, conferences, business contacts and other means.
Influence the direction of future accounting rules where possible.
Measure the financial impact of proposed changes and communicate to management.
Communicate directly with regulators as needed through written communications and face-to-face meetings where necessary.
Provide thought leadership on implementation of regulation internally.
Performs financial reporting controls and oversee the control performance of the team.
Work closely with internal and external auditors, Nationwide Financial (NF) controllership, and others in the performance of accounting and model governance.
Provide thought leadership on appropriateness of assumption for valuation purposes.
Support the measurement of financial risks and risk management strategy arising from actuarial assumptions, models, and the underlying risks of Group Benefits products.
Assists in the assessment and implementation of reinsurance solutions.
Advises and supports capital management as necessary.
Support talent recruiting and development for the Actuarial job family.
Oversees associate management including performance management, salary planning and administration, training and development, workflow and organization planning, day-to-day management, hiring and placement, and disciplinary actions for direct and possibly indirect reports.
May perform other responsibilities as assigned.

Benefits

medical/dental/vision
life insurance
short and long term disability coverage
paid time off with newly hired associates receiving a minimum of 18 days paid time off each full calendar year pro-rated quarterly based on hire date
nine paid holidays
8 hours of Lifetime paid time off
8 hours of Unity Day paid time off
401(k) with company match
company-paid pension plan
business casual attire